Muscat, Oman Broadband signed RO92 million financing agreement
with the Asian Bank to invest in infrastructure and to finance its projects.
The agreement was signed by Said bin Hamdoon al- Harthy, Undersecretary of the
Ministry of Transport and Communications for Ports and Maritime Affairs, Chairman of the
Board of Directors of Oman Broadband.
The signing ceremony was sponsored by Dr. Ahmed bin Mohammed al- Futaisi, Minister
of Transport and Communications.
Eng. Said bin Abdullah al- Mantheri, CEO of Oman Broadband said that signing the
agreement with the Asian Infrastructure Investment Bank (AIIB) seeks to provide high-
speed communications services through the implementation of fiber-optic network
expansion projects. It is also one of the most important stages of the company, which will
be able through it to rely on external funding in the coming projects and without any
He said in a statement to Oman News Agency (ONA) that the loan will be used to finance
the capital projects of the company to be completed in 2021 within the first phase of the
implementation of the National Broadband Strategy.
The signing ceremony was attended by a number of undersecretaries and CEOs of the
company in the telecommunications sector.
Source: Oman News Agency